Bajaj Finance Ltd has reported an 18% year-on-year (YoY) rise in net profit for Q3 FY25, with a profit after tax (PAT) of ₹4,308 crore, compared to ₹3,639 crore in Q3 FY24.
Net interest income grew 23% to ₹9,382 crore, driven by strong business performance across its subsidiaries, Bajaj Housing Finance Ltd and Bajaj Financial Securities Ltd.
The company recorded its highest-ever number of new loans booked in a quarter at 12.06 million, marking a 22% YoY growth. Its customer base also saw a 21% increase, reaching 97.12 million by December 31, 2024. Notably, Bajaj Finance added 5.03 million new customers in Q3 FY25, the highest-ever quarterly increase.
Assets under management (AUM) surged 28% to ₹3,98,043 crore, compared to ₹3,10,968 crore in the same quarter last year, with an AUM addition of ₹24,119 crore in Q3 FY25.
However, gross NPA and net NPA ratios increased to 1.12% and 0.48%, respectively, from 0.95% and 0.37% in Q3 FY24. Loan losses and provisions rose to ₹2,043 crore from ₹1,248 crore last year.
Following the announcement, Bajaj Finance shares closed 2.02% higher at ₹7,758.10. The stock saw a trading volume of 32,000 shares on the BSE, exceeding its two-week average of 27,000 shares. The company’s market capitalization now stands at ₹4,80,224.70 crore.
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